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Due to the economic slump during the start of the 2000s, Genie decided to acquire a partner who held the same values. They partnered up along with Terex Corporation. This company has a history acquiring equipment manufacturers all around the world who proved to be a good business match. Genie Industries was sold during 2002 and became a part of Terex Corporation.
During the initial years after the sale, it was determined to maintain the Genie brand within the Terex Aerial Work Platforms or AWP segment of Terex, due to the name's solid reputation within the marketplace. Thus, all Genie equipment continue to be sold under the Genie brand name.
The company takes great pride in listening and taking advise from their customers. Genie has always been continually dedicated to improving the quality and efficiency in addition to minimizing wastes. Even long after the sale has been closed, the company concentrates on providing exceptional support. These are the very work practices which have made Genie a trusted brand over the last decades and continue to keep their reputation for quality and top-of-the-line machinery.
Genie's DC and Bi-Energy machinery are emission-free, quiet machinery capable of working in delicate work settings. Where the equipment must be driven significant distances, like for example in industrial situations, the Genie bi-energy system combines the power of a diesel-powered generator along with the benefits of a 48V DC machine.
P.A. Fisker, the man who founded Nilfisk-Advance, was an electrical engineer who loved working with electrical motors. Starting the company in 1906, he began to produce motors in order to drive coffee grinders, drills, fans and machine tools. Mr. Fisker's dream from the start was to own a worldwide company selling goods worldwide.